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|Reference and Administrative
Details|Reference and Administrative
Details||
|---|---|---|
|Trustees' Report||2 to 5|
|Statement ofTrustees'|Responsibilities||
|Independent
Auditors'|Report|7 to 9|
|Statement ofFinancial|Activities|10|
|Balance Sheet|||
|Cash Flow Statement||12|
|Notes to the Financial|Statements|13to 21|
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|Trustees|||The Very Reverend|Archimandrite|Archimandrite|Peter|
|---|---|---|---|---|---|---|
||||Thomas Carter||||
||||Nicholas
Meade||||
||||Daniel McCarthy||||
|Charity|Registration|Number|282448||||
|Principal|Office||The Old Rectory||||
||||Tolleshunt
Knights||||
||||Essex||||
||||CM9 8EZ||||
|Auditor|||Just Audit &Assurance||Ltd||
||||37Market Square||||
||||Witney||||
||||OX28 6RE||||
|Accountants|||ReesRussell
LLP||||
||||Accountant||||
||||37Market Square||||
||||Witney||||
||||OX28 6RE||||
|Bankers|||Barclays Bank Pic||||
||||Leicester||||
||||LE872BB||||
||||Lloyds TSBBank Pic||||
||||Market Square Aylesbury||||
||||BX1 1LT||||
|Financial|Adviser||Fairstone Financial|Management||Limited|
||||Chiltem Court||||
||||Back Street||||
||||Wendover||||
||||HP22 6EP||||
|Solicitors|||Bawtree &Sons||||
||||65 Newland
Street||||
||||Witham||||
||||CM8 1AB||||
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|Statem|ent of|Financial Activities|for the Year Ended|31December|2022|
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||2022|2021|
||||Note|||
|Income and Endowments||from:||||
|Donations
and legacies||||632,880|658,388|
|Charitable
activities||||117,820|74,692|
|Investment
income||||129,753|131,059|
|Total Income||||880,453|864,139|
|Expenditure
on:||||||
|Raising funds||||(49,224)|(48,693)|
|Charitable
activities||||(729,780)|(574,994)|
|Governance
costs||||(3,838)|(4,200)|
|Total Expenditure||||(782,842)|(627,887)|
|Gains/losses
on investment||assets||(3,798,032)|2,202,247|
|Net movement
in funds||||(3,700,421)|2,438,499|
|Reconciliation
offunds||||||
|Total funds brought|forward|||28,436,315|25,997,815|
|Total funds carried|forward|||24,735,894|28,436,314|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Note|||
|Rxed assets|||||||
|Tangible assets||||10|4,082,112|3,528,673|
|investments||||ll|19,591,020|23,309 151|
||||||23,673,132|26,837,824|
|Curreat assets|||||||
|Stocks||||12|204,287|206,764|
|Debtors||||13|54,704|37,155|
|Cash at bank|and in hand||||892 782|1,378,646|
|Creditors: Amounts
Net current assert||falling due tstthin|one year|74|1,151,773
~997I
1,062,762|1,622,565
~(2.975
1,598,490|
|Net assent|||||24,735.894|2&,436,|
|Funds ofthe|chsrityt||||||
|Unrestricted|income|fnads|||||
|Unrestricted|funds||||24,73S,894|28,436,314|
|Total funds||||16|24,73S,894|28,436,314|
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|Cash Flo|w|Statement for the Ye|ar Ended 31D|ecember
20ZZ||
|---|---|---|---|---|---|
|||||2022|2021|
||||Note|f||
|Cash tlows from operating|activities|||||
|Net cash (expenditure)/income||||(3,700,421)|2,438,499|
|Adjustments
to cash flows from non-cash items||||||
|Depreciation||||5,400|631|
|Investment
income||||(129,753)|(131,059)|
|Revaluation ofinvestments||||3,798,032|(2,202,248)|
|||||(26,742)|105,823|
|Working capital adjustments||||||
|Decrease/(increase)
in stocks|||12|2,477|(32,599)|
|Increase in debtors|||13|(17,549)|(18,397)|
|Increase/(decrease)
in creditors|||14|64,937|(45,249)|
|Net cash flows from operating||activities||23,123|9,578|
|Cash flows from investing
activities||||||
|Interest receivable
and similar||income||129,753|131,059|
|Purchase oftangible
fixed assets|||10|(559,529)||
|Sale oftangible
fixed assets||||690||
|Purchase ofinvestments||||(79,901)|(212,301)|
|Net cash flows from investing||activities||(508,987)|(81,242)|
|Net decrease in cash and cash|equivalents|||(485,864)|(71,664)|
|Cash and cash equivalents
at|I|January||1,378,646|1,450,310|
|Cash and cash equivalents
at 31 December||||892,782|1,378,646|
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|residual
value, over t|residual
value, over t|heir expected useful economic l|ife as follows:|||
|---|---|---|---|---|---|
|Asset class|||Depreciation
method|and rate||
|Motor vehicles|||25%reducing
balance|||
|Furniture,|furnishings|and equipment|Written
incurre|||
||||Where used for the Charity's
own||purpose|
|Freehold|land and buildings||are not depreciated
but are shown
at cost,
or estimated
value at the time ofreceipt in|||
||||the case ofgifts.|||
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|Voluntary|mcome|
|---|---|
|Donations
and legacies||
|Gift aid|reclaimed|
|Pensions||
|Royalties||
|Unrestricted||
|---|---|
|Total|Total|
|2022|2021|
|578,360|625,466|
|26,641|8,143|
|23,857|19,029|
|4,022|5,750|
|632,880|658,388|
##
|Unrestricted||
|---|---|
|Total|Total|
|2022|2021|
|117,820|74,692|
|Unrestricted||
|Total|Total|
|2022|2021|
|129,753|131,059|
||||Unrestricted|||
|---|---|---|---|---|---|
||||funds|Total|Total|
||||General|2022|2021|
|Other investment|management|costs;||||
|Administration|ofthe investments||49,224|49,224|48,693|
||||49,224|49,224|48,693|
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|6|Expenditure|Expenditure|on|charitable|activities||||
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|||
||||||||Total|Total|
|||||||General|2022|2021|
|Bookshop||||||94,769|94,769|43,401|
|Activities||undertaken||directly||635,011|635,011|531,593|
|||||||729,780|729,780|574,994|
|||||||||Total|
|||||||||expenditure|
|||Unrestricted|||
|---|---|---|---|---|
|||funds|Total|Total|
|||General|2022|2021|
|||f|g||
|Audit fees|||||
|Audit ofthe financial|statements|3,838|3,838|4,200|
|||3,838|3,838|4,200|
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|10 Tangible
fixed assets|||||
|---|---|---|---|---|
|||Properties|||
||Land and|under|||
||buildings|construction|Motor vehicles|Total|
||6||||
|Cost|||||
|At
1 January 2022|3,526,778||53,156|3,579,934|
|Additions|66,339|472,795|20,395|559,529|
|Disposals|||(12,244)|(12,244)|
|At 31 December 2022|3,593,117|472,795|61,307|4,127,219|
|Depreciation|||||
|At
1 January 2022|||51,261|51,261|
|Charge for the year|||5,400|5,400|
|Eliminated
on disposals|||(11,554)|(11,554)|
|At 31 December 2022|||45,107|45,107|
|Net book value|||||
|At 31December 2022|3,593,117|472,795|16,200|4,082,112|
|At 31 December 2021|3,526,778||1,895|3,528,673|
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|Other investments||||||
|---|---|---|---|---|---|
||||||Listed|
|||||investments||
|Cost or Valuation||||||
|At I January 2022|||||23,309,151|
|Revaluation|||||(3,798,032)|
|Additions|||||79,901|
|At 31December 2022|||||19,591,020|
|Net book value||||||
|At 31 December 2022|||||19,591,020|
|At 31December 2021|||||23,309,151|
|||||2022|2021|
|Material
investments
included|||therein were as follows:|K||
|British Government
Stocks||||1,068,121|1,211,746|
|Baillie Gitford International||B|Acc|639,585|803,186|
|Fundsmith
Equity IAcc||||603,200|699,074|
|Fidelity Asia Pacific Opportunities||||598,674|453,499|
|Rathbone
Global Opportunities||||562,647|708,385|
|Natixis Loomis Sayles US Equity Leaders Fund||||518,243|651,086|
|UBS US Growth Class C(Acc)||||518,237|705,823|
|HSBC American
Index|C Inc|||490,450|544,414|
|Veritas Asian Fund A Inc||||490,408|596,637|
|Threadneedle
American|Acc|||483,370|550,115|
|12 Stock||||||
|||||2022|2021|
|Stocks||||204,287|206,764|
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|13 Debtors||||
|---|---|---|---|
|||2022|2021|
|||K|g|
|Trade debtors||3,197|867|
|Prepayments||421|442|
|Other debtors||51,086|35,846|
|||54,704|37,155|
|14 Creditors: amouats|falling due within one year|||
|||2022|2021|
|Trade creditors||69,609|1,083|
|VAT||3,151|852|
|Other creditors||7,176|6,206|
|Accruals||9,075|15,934|
|||89,011|24,075|
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|16 Funds||||||
|---|---|---|---|---|---|
||||||Balance at|
||Balance at I|||Other|31|
||January|Incoming|Resources|recognised|December|
||2022|resources|expended|gains/(losses)|2022|
|||g||||
|Unrestricted||||||
|General|28,436,315|880,453|(782,452)|(3,798,422)|24,735,894|
||||||Balance at|
||Balance at I|||Other|31|
||January|Incoming|Resources|recognised|December|
||2021|resources|expeaded|gains/Bosses)|2021|
||||g|g|g|
|Unrestricted||||||
|General|25,997,815|864,139|(627,887)|2,202,247|28,436,314|
##
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|17 Anal|ysis ofnet assets between funds||
|---|---|---|
|||Unrestricted|
|||funds|
|||2022|
|Tangible|fixed assets|4,082,1 12|
|Fixed asset investments||19,591,020|
|Current|assets|1,151,773|
|Current|liabilities|(89,011)|
|Total net assets||24,735,894|
|||Unrestricted|
|||funds|
|||2021|
|Tangible|fixed assets|3,528,673|
|Fixed asset investments||23,309,151|
|Current|assets|1,622,565|
|Current|liabilities|(24,075)|
|Total net assets||28,436,314|
##
|Detailed Statemen|t|of|Financia|l Activities for th|e Year Ended 31Decem|ber 2022|
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||2022|2021|
|Income and Eadowments|from:||||||
|Donations
and legacies (analysed|||below)||632,880|658,388|
|Chantable
activities
(analysed||below)|||117,820|74,692|
|Investment
income (analysed||below)|||129,753|131,059|
|Total income|||||880,453|864,139|
|Expenditure
on:|||||||
|Raising funds
(analysed
below)|||||(49,224)|(48,693)|
|Charitable
activities
(analysed||below)|||(729,780)|(574,994)|
|Governance
costs|||||(3,838)|(4,200)|
|Total expenditure|||||(782,842)|(627,887)|
|Gains/losses
on investment|assets||(analysed|below)|(3,798,032)|2,202,247|
|Net (expenditure)/income|||||(3,700,421)|2,438,499|
|Net movement
in funds|||||(3,700,421)|2,438,499|
|Reconciliation offunds|||||||
|Total funds brought
forward|||||28,436,315|25,997,815|
|Total funds carried forward|||||24,735,894|28,436,314|
##
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||||2022f|2021
f|
|Donations and legacies||||||||
|Pensions||||||23,857|19,029|
|Appeals
and donations||||||578,360|625,466|
|Gift Aid tax reclaimed||||||26,641|8, 143|
|Royalties||||||4,022|5,750|
|||||||632,880|658,388|
|Charitable
activities||||||||
|Sales ofpurchased|goods|||||117,820|74,692|
|||||||117,820|74,692|
|Investrnenl
inconie||||||||
|Income from other|investments|||||129,753|131,059|
|||||||129,753|131,059|
|Charitable
Activities||||||||
|Bookshop||||||||
|Purchases||||||94,769|43,401|
|||||||94,769|43,401|
|Other charitable
activities||||||||
|Depreciation ofmotor|||vehicles|||5,400|632|
|Establishment
costs||||||70,276|51,390|
|Property repairs||||||221,432|269,687|
|Maintenance
charges||||||45,444|14,907|
|Staff training||||||5,167|3,743|
|Staffwelfare||||||119,882|88,401|
|Insurances||||||34,190|28,212|
|Equipment
repairs and|||renewals|||46,164|27,524|
|Printing,
postage
kk|stationery|||||8,900|11,793|
|Charitable
donations||||||14,999|11,810|
|General administrative|||expenses|||30,773|23,494|
|Exceptional
administrative||||expenses||31,994||
|(Profit)/Loss
on sale||oftangible|||fixed assets|390||
|||||||635,011|531,593|
|Charitable
Activities||total||expenditure||729,780|574,994|
##
|||||Total|Total|
|---|---|---|---|---|---|
|||||2022|2021|
|Raising funds||||||
|Administration||ofinvestments||49,224|48,693|
|||||49,224|48,693|
|Gains/losses|oninvestment||assets|||
|(Gain)/loss|on|programme|related investments|(3,798,032)|2,202,247|